G-R Happenings

April 7, 2013

The budget hearing for the FY 2014 budget will be held on April 10 at 6:30 p.m., in Gladbrook. We are certifying a budget based on 0% allowable growth. While we are still hopeful for allowable growth to be set in the 2-4% range, due to our declining enrollment and the budget guarantee that results, our highest tax rate comes with 0% allowable growth. If schools would receive a higher allowable growth, our District tax rate would decline from the published amount of $11.08604/$1,000 taxable valuation. In the event of 2% allowable growth the District would see a rate of $10.83527/$1,000, and 4% allowable growth would cause a tax rate of $10.60693 for G-R property owners.

Even in the worst-case scenario presented above, G-R is looking at a drop in the tax rate from our current level of $11.13/$1000. As our enrollment stabilizes and our property valuation increases I anticipate our tax rate stabilizing and likely declining.